Haha how long you been holding on to that one? I actually feel pretty good. I am not wrong, no matter how high it goes I won't be wrong as long as it is tracking BTC. The point was that when new investable BTC products come out, that premium in it will eventually slip out. Which means it could go down by 40% without the underlying even moving. That remains just as true today as it did 3 months ago. When more futures products launch and eventually ETFs and ETNs, that is when this thing trades back to its Net Asset Value. If you can find shares to short it, let me know.
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